Cenvat credit

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harsh (Querist)
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23 August 2013 I have enough amount of cenvat credit on my inputs,i am not required to pay by cash. Do i need to prepare PLA, if yes, How?

CA Suresh Jain

CA Suresh Jain (Expert)
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24 August 2013 No in such a case you are not required to pay duty from PLA and maintain the same

disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case

harsh

harsh (Querist)
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26 August 2013 Actually in previous we missed to take credit of some input invoices,When I knew this, I calculated cenvat on them which amounted approx. 60 lacs,Plz guide me how can I take credit on them and show in 57AE Return and RG 23 A.

CA Suresh Jain

CA Suresh Jain (Expert)
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26 August 2013 Normally, there is no time limit to avail CENVAT credit but, it will not be justified to reply without going through full fact of the case

harsh

harsh (Querist)
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26 August 2013 As I explained before is full fact.

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